McCormick Declares $0.37 Quarterly Dividend

Rhea-AI Summary

McCormick & Company (NYSE: MKC) has declared a quarterly dividend of $0.37 per share, payable on April 25, 2022, for shareholders of record as of April 11, 2022. This represents a 9% increase from the $1.36 annual dividend in 2021, bringing the annualized rate to $1.48. The company celebrates its 98th consecutive year of dividend payments, underscoring its commitment to returning income to shareholders.

Positive

• 9% increase in quarterly dividend to $0.37 per share.
• Celebrates 98th consecutive year of dividend payments.
• Annualized dividend rate increased to $1.48 per share.

Negative

• None.

HUNT VALLEY, Md., March 30, 2022 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.37 per share on its common stocks, payable April 25, 2022 to shareholders of record April 11, 2022. McCormick's current annualized dividend rate of $1.48 per share represents an increase of 9% over the annual dividend of $1.36 per share paid in fiscal year 2021.

This is the 98^th year of consecutive dividend payments by the Company.

About McCormick

McCormick & Company, Incorporated is a global leader in flavor. As a Fortune 500 company with over $6 billion in annual sales across 170 countries and territories, we manufacture, market and distribute spices, seasoning mixes, condiments and other flavorful products to the entire food industry including e-commerce channels, grocery, food manufacturers and foodservice businesses. Our most popular brands with trademark registrations include McCormick, French's, Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane and Gourmet Garden. Every day, no matter where or what you eat or drink, you can enjoy food flavored by McCormick.

Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is guided by our principles and committed to our Purpose – To Stand Together for the Future of Flavor. McCormick envisions A World United by Flavor where healthy, sustainable and delicious go hand in hand. To learn more, visit www.mccormickcorporation.com or follow McCormick & Company on Twitter, Instagram and LinkedIn.

For information contact:

Investor Relations:                 
Kasey Jenkins - kasey_jenkins@mccormick.com

Corporate Communications:
Lori Robinson - lori_robinson@mccormick.com

View original content:https://www.prnewswire.com/news-releases/mccormick-declares-0-37-quarterly-dividend-301514254.html

SOURCE McCormick & Company, Incorporated

FAQ

What is the dividend amount declared by McCormick (MKC)?

McCormick declared a quarterly dividend of $0.37 per share.

When is the dividend payment date for McCormick (MKC)?

The dividend payment date is April 25, 2022.

What is the annualized dividend rate for McCormick (MKC) for 2022?

The annualized dividend rate for 2022 is $1.48 per share.

How much has McCormick's dividend increased compared to last year?

The dividend has increased by 9% from $1.36 in 2021.

How many consecutive years has McCormick (MKC) paid dividends?

McCormick has paid dividends for 98 consecutive years.